Word: bargaining
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Dates: during 1940-1949
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...third bill aimed at such paralyzing stoppages as industry-wide strikes in coal and shipping, would end industry-wide bargaining by making it illegal for a labor organization to represent workers, or even advise or support workers in two or more companies more than 100 miles apart. Employers likewise would be enjoined from forming united fronts. The bill, said Ball, "will return the power to bargain to the local union where the individual employee can participate . . . and eliminate the monopoly situation where a handful of union leaders can shut off the nation's total supply of any product...
...lantern was needed in the Old North Church to signal the news. This week, as the first of 50 trucks from Texas pulled into Boston, housewives were as eager as so many Paul Reveres to gallop down to the "Automatic Bargain Basement" of Wm. Filene's Sons...
Filene's, which could sniff a bargain halfway across the continent, had bought $1,400,000 worth of merchandise damaged in a fire at Dallas' Neiman-Marcus Co. three months ago. In beating out about six other bidders, Filene's had pulled off one of the biggest "fire sale" coups in U.S. merchandising history...
...goods, for which Filene's paid about $400,000, went on sale in the bargain basement this month at about 40% of Neiman-Marcus' price...
...sold within twelve days is marked down 25%; at the end of 18 days, it is cut another 25%; after 24 days, another 25%. If the article is not sold in 30 days, Filene's gives it away-to a charitable organization. But charity gets little: the bargain basement sells 90% of its merchandise the first day. Only one-tenth of 1% lasts long enough to be given away. Instead of creating a "wait-for-a-lower-price" policy, the system fans a "get-it-before-it's-gone" fever...